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Sep 12, 2012
09/12
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we'll talk to michael kors, honorary chairman of michael kors during fashion week, talk about insider selling and the incredible performance of that stock. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> welcome back to "squawk on the street." july wholesale inventories expected to
we'll talk to michael kors, honorary chairman of michael kors during fashion week, talk about insider selling and the incredible performance of that stock. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial...
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Sep 26, 2012
09/12
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i'm thinking of michael kors at the moment. i'm thinking of the gap. you make serious money on just getting what peel want to buy. that color, for example. how ridiculous was that? >> i first of all would disagree on best buy. not a fan. i still think they have serious issues ahead and a new ceo who's testing the waters here. but i think that's true, simon. we've seen new concepts. we've seen lulu, as you just mentioned, which the consumer wants. they have yoga classes in the stores, which brings you in. we have michael kors. the accessories business is doing extremely well. there are certainly retailers out there that are doing it right and have the right product and therefore the consumers will come in. >> we have to end it there, but i just want to ask you, as michael kors is selling so much of his own stock, is that a significa signal that now is a good time to sell it too? >> michael kors' business, they just announced that earnings will be better than expected. their comps are incredible. so it's hard to say that the business is slowing down. yes
i'm thinking of michael kors at the moment. i'm thinking of the gap. you make serious money on just getting what peel want to buy. that color, for example. how ridiculous was that? >> i first of all would disagree on best buy. not a fan. i still think they have serious issues ahead and a new ceo who's testing the waters here. but i think that's true, simon. we've seen new concepts. we've seen lulu, as you just mentioned, which the consumer wants. they have yoga classes in the stores,...
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Sep 11, 2012
09/12
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the comp store sales numbers as good as michael kors? no, but i think five below being thrown out simply because they did a much better than expected number is shortsighted, i like it. >> all right. we'll talk about a lot more names after this short break. >> thank you. >> by the way, tomorrow on "squawk on the street," an interview with the man whose name is behind a red hot company, fashion designer, michael kors will join us. we'll be right back. >>> all right. welcome back. at the top of the show we mentioned moody's. as part of an update on the u.s. government debt rating by which we share some of the headlines and come back at the top of the hour. in moody's saying that its negotiations specifically about the u.s. government's budget produced a stabilization and then a downward trend in the ratio of federal debt to gdp over the medium term, the rating will likely be affirmed and the outlook returned to stable. remember, of course, right now moody's has it on a negative outlook, that is, for the u.s. government. they also go on to s
the comp store sales numbers as good as michael kors? no, but i think five below being thrown out simply because they did a much better than expected number is shortsighted, i like it. >> all right. we'll talk about a lot more names after this short break. >> thank you. >> by the way, tomorrow on "squawk on the street," an interview with the man whose name is behind a red hot company, fashion designer, michael kors will join us. we'll be right back. >>> all...
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Sep 25, 2012
09/12
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. >> and payday for michael kors who stands to make $200 million. he remains long in the shares of this long-flying ipo. >>> caterpillar is cutting the earnings forecast and seeing a bigger drop in demand for earth moving equipment because of weaker commodity prices. they say economic growth is slowing more than the company had expected, but jim, it is for 2015. this morning you're looking at analysts viewing this in different ways. >> right. i think there's a lot of people, carl, who were saying, of course, hey, it is obviously the world is slowing. a lot of people say, look, what they're really doing is saying even in this environment we're going to make far more money than we have in the previous downturns if we get it at $6 in earnings, which is well below what they think they can earn. we'll still pay the dividend. i come back and say the acquisition, which they made and a lot of people were critical of, is working. that the synergies are working. that the costs taken out in regards to manufacturing, look, the world is slowing but it is not a d
. >> and payday for michael kors who stands to make $200 million. he remains long in the shares of this long-flying ipo. >>> caterpillar is cutting the earnings forecast and seeing a bigger drop in demand for earth moving equipment because of weaker commodity prices. they say economic growth is slowing more than the company had expected, but jim, it is for 2015. this morning you're looking at analysts viewing this in different ways. >> right. i think there's a lot of...
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Sep 10, 2012
09/12
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. >> speaking of shares hitting the markets, michael kors announcing that some shareholders will sell about 20 million shares in the company's stock, about 10% of the shares outstanding. this transpired friday afternoon after the close. we are seeing the reaction today. what a run. down 4.4% is a drop in the bucket when you consider the run it's had since it ipo'd here on the new york stock exchange. >> you interviewed michael kors. he's still involved in designing? >> he is. what's so unique about him is he worked on the floor of retail. he worked the floor. he knows what sales. he has a real handle on what the margins are on any product he designs. from the drawing board, you know what the margins are likely going to be. >> tommy hilfiger still intimately involved in the design. >> has a good sense for what will sell and what won't. >> 14% same-store sales. >> j. crew has had a very sharp increase in sales. >> titan machinery is an interesting one. it is down by 16.5%, a smaller market cap, $500 million in market cap. but they missed when they cut their full-year estimates and they
. >> speaking of shares hitting the markets, michael kors announcing that some shareholders will sell about 20 million shares in the company's stock, about 10% of the shares outstanding. this transpired friday afternoon after the close. we are seeing the reaction today. what a run. down 4.4% is a drop in the bucket when you consider the run it's had since it ipo'd here on the new york stock exchange. >> you interviewed michael kors. he's still involved in designing? >> he is....
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Sep 21, 2012
09/12
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. >> let's talk about michael chorus. the company says it will earn more than it originally thought in the second quarter. kors also saying its quarter to date comp store sales rose about 45%. if you pull back the curtain as to where they're seeing the most growth, it is 50%. same-store sales, 4.5% in america, 16% in japan. so they are seeing growth in europe, despite what the likes of a burberry are telling us. >> i feel like i cannot stress hard enough, burberry is a screw up. they got the wrong merchandise and the wrong price. in the end, retail is having an eye, having control of inventory. kors seems to be toemthly in control of inventory and they have a great eye. pbh, same thing. vf corp., eric wiseman talking, europe, a positive. you have the right merchandise, it seems to trump anything. pbh is saying one of the reasons things are so strong are europe, eastern european travelers, that's code word for russia and asian travelers, they go to europe and it's a big deal to buy kors. they don't just go there and knock
. >> let's talk about michael chorus. the company says it will earn more than it originally thought in the second quarter. kors also saying its quarter to date comp store sales rose about 45%. if you pull back the curtain as to where they're seeing the most growth, it is 50%. same-store sales, 4.5% in america, 16% in japan. so they are seeing growth in europe, despite what the likes of a burberry are telling us. >> i feel like i cannot stress hard enough, burberry is a screw up....